Won Recovers, Still Heading to Weekly Loss

June 21st, 2013 at 13:22, Vladimir Vyun

The South Korean won recovered a bit today, following the previous massive slump. The currency was still heading to a big weekly loss.

The prospects for an end to Federal Reserve quantitative easing scared investors and led to capital outflows from emerging economies. The won sank because of that, but now is attempting to recover, following some other risky currencies. Still, the South Korean currency is 2.5 percent down over the week so far.

USD/KRW fell from 1,157.2350 to 1,154.6749 as of 13:21 GMT today.

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